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Tesla breaks storage records in Q3
In what was the company's most information-rich results call in quite some time, Tesla revealed last night that the company recovered from record-low solar installations in Q2 of 2019, getting back on track and confirming big developments to come.
The real wow factor from the call? Tesla shared that it installed 477 megawatt-hours (MWh) of energy storage in Q3, the most in the company's history. That figure edges out the previous record mark of 415 MWh of storage, set in Q2 2019, with Q3 representing 15% growth. The year-over-year mark is the really impressive one, as 477 MWh represents 99% growth over the 240 MWh installed in Q3 2018.